Terry, Prairie County, Montana Property Taxes
Property Taxes in Terry, Montana
Median Terry, Montana effective property tax rate: 1.03%, significantly lower than the national median of 1.02%, and higher than the Montana state median of 0.78%.
Median Terry, Montana home value: $65,808
Median annual Terry, Montana tax bill: $657, lower than the national median property tax bill of $2,400.
How are property taxes in Prairie calculated?
Property taxes in Terry, Montana are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Terry's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terry, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Terry, Prairie County, Montana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$678
$629
How Does the Terry Property Tax Calculator Work?
Use this Terry property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Terry's median effective tax rate of 1.03% — based on actual property records in Prairie County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Terry's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Terry: rates range from 1.03% in 59349 to 1.03% in 59349, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Terry.
About Terry Property Taxes
About Property Taxes in Terry, Prairie, Montana
Terry’s median effective property tax rate of 1.03% is lower than the Montana state median of 0.78% and higher than the national median of 1.02%. This rate reflects the Prairie County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Terry. Homeowners in the 59349 ZIP code carry a median effective rate of 1.03%, while those in the same ZIP code pay 1.03%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Prairie County. Understanding which part of Terry you live in can make a meaningful difference to your annual tax bill.
Terry homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the July 31, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Terry, Prairie County, Montana
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Terry's effective property tax rate to other cities in Montana and the median property tax rates in Montana and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Terry Tax Rate
1.03%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Prairie County Tax Rate
1.03%
Median Effective Montana Tax Rate
0.78%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Terry, Prairie County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | 0.78% | 0.97% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Terry, Prairie County, Montana
When examining property taxes in Terry, Montana, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Prairie County tax authority estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Prairie County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Terry.
For example, the median home price in Terry is $65,808, with tax bills ranging significantly across the county. 59349 has the highest median home price at $65,808.
Property Tax Assessment Values Across Terry, Prairie County, Montana
Source: Ownwell
$32,708
$89,697
$146,686
Median Terry Market Value
$65,808
Median Prairie County Market Value
$64,400
Median Montana Market Value
$317,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Terry, Prairie County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | $7,567 | $22,756 | $65,808 | $112,895 | $176,771 |
Source: Ownwell
Property Tax Bills Across Terry, Prairie County, Montana
Property tax bills in Terry are calculated from the assessed value of a home and the local tax rate set for Prairie County and other local taxing authorities. The assessed value is based on the market value of the property, and that figure is then multiplied by the applicable tax rate to determine the annual bill. For homeowners, this means that changes in market value, assessment levels, or local levies can all affect what is owed each year.
In Terry, the median home price is $65,808, and the median property tax bill is $657, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $232 and the 90th percentile at $1,803. That range shows how property taxes can differ based on a home’s assessed value and the specific tax rates applied to it.
Median Terry Tax Bill
$657
Median Prairie County Tax Bill
$630
Median Montana Tax Bill
$2,559
Median United States Tax Bill
$2,400
Property Tax Bills Across Terry, Prairie County, Montana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 59349 | $107 | $232 | $657 | $1,128 | $1,803 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 31 |
Links | |
|---|---|
| Prairie Tax Assessor | |
| Website | svc.mt.gov |